ipl-logo

Norton Plc Essay

1322 Words6 Pages

1. The extent to which Billiton PLC Board of Directors complies with the requirement of board effectiveness principles in terms of diversity, skills and experience are illustrated within the table below: “The interests of those who have effective control over a firm can differ from the interests of those who supply the firm with external finance. The problem, commonly referred to as a principal-agent problem, grows out of the separation of ownership and control and of corporate outsiders and insiders. In the absence of the protections that good governance supplies, asymmetries of information and difficulties of monitoring results in capital providers who lack control over the corporation, finding it risky and costly to protect themselves from the opportunistic behavior of manager and controlling shareholder.” (OECD) The ramifications of poor …show more content…

Since it operates a two-parent company; BHP Billiton Limited and BHP Billiton Plc, operated as a unified board and management team, it will be required to comply with corporate governance requirements of both countries. Furthermore, BHP Billiton Limited has a primary listing on the Australian Securities Exchange in Australia and BHP Billiton Plc has a premium listing on the UK Listing Authority’s Official List. Its ordinary shares are admitted to trading on the London Stock Exchange in the UK and secondary listing on the Johannesburg Stock Exchange. BHP Billiton Limited American Depositary Receipts and BHP Billiton Plc ADRs trade on the New York Stock Exchange in the US. In light of these listings, it is required to comply with listing requirements in all these countries since it operate as a single economic unit. To this end, the table below addresses how the company complies with the UK Corporate Governance Code under board effectiveness based on

Show More
Related
1258 Words | 6 Pages

Board this is a large group of people which selected to act as stockholders for company development to achieve certain goals such as problem solving within company and employees, decision making, it helping to operate the business daily, providing direction goals of the business organization, establishing policy of the business if it the right service which they provide for the customers and their employees and government rules and assist them for future planning. The internal audit is the body belong of this company is the chairman which controls and providing business process data, management, obeying by demand laws and company rules reporting and right accommodation this board of company structure. CEO is the development role which help

Read More
478 Words | 2 Pages

The author continues to focus on poverty as it affect everyone in general, whereas we as a whole fail to see the actual concept. As we look upon our country we tend to spend billions of the U. S dollars on aiding those who need assistants. We as a society has fail to prevent poverty as it has stricken our country with a high rates of people who are affected by it. The author suggests that individually we have a perspective way of how our high rates of poverty raises.

Read More
817 Words | 4 Pages

Poverty is facing a large part of the world and is impacting negatively on many economies. Criminal activities such as theft are caused by poverty as people do not have enough resources to sustain themselves. Also, the state of being poor affects the psychology of an individual, therefore, they lose the ability to make sound decisions, hence engaging in violence or drug abuse to ease their frustrations. The decisions taken because of being poor are consequences of lack of an education and knowledge. I agree with the writer when he says that poverty is lack of political engagement this meaning that the absence of interactions leads to lack of exchange of ideas thus chances of one being more knowledgeable are limited

Read More
929 Words | 4 Pages

Business Round table (an association of executive officers of leading companies) releases its updated principles regularly. Concerning board size, the principles emphasize the need for publicly owned companies to consider nature, size and complexity and stage of development in determining board size. Even then, small boards are considered more cohesive and work more efficiently than larger ones. Board independence is critical and substantial majority of the board’s directors should be independent. Every publicly owned corporation should have an audit committee of at least three members who should all be independent directors.

Read More
528 Words | 3 Pages

This Corporation Act helps in setting the rules that are considered helps in setting the rules governing the company with including the directors and their meetings (Bostock, 2012). The financial reporting and the

Read More
823 Words | 4 Pages

The participants include the board of directors, managers, shareholders, creditors, auditors and stakeholders (Ramadhan, 2012). It further identifies the rules and procedures incorporated in decision making within corporate issues. Incorporation of corporate governance enhances the development of a structure that seeks to enhance proper achievement of organizational objectives through identification and incorporation of social, legislative, market and environmental aspects that directly affect the corporate functions of the organization. The adoption of the Act sought to ensure that businesses adopted high operational standards necessary in influencing the adoption of effective financial procedures that meet the stakeholder interests. Therefore, the adoption of the Sarbanes-Oxley Act within U.S. firms remained instrumental in ensuring that the firm meets the financial obligations of stakeholders through the adoption of the corporate governance

Read More
634 Words | 3 Pages

It is a plague without borders whether in thriving times or during economic depression, in both agricultural and industrial societies, regardless of how it is measured or the presence of antipoverty programs and aid to the poor (Provine & Doty, 2011; Brooks, 2010; Obama, 2010; Sumner, 2010; Lyons & Brown, 2010). Poverty has become a more serious social phenomenon with the excessive instability of the world economy that tends to entangle with corruptions and mostly poor performance of governments (World Bank, 2010; Anand & Lea, 2011; Robinson, 2011; Mullainathan, 2011; Yoshikawa et al., 2012). Hence, this complexity demands it to be partitioned under several theories. Which theory of poverty is ultimately embraced will always have a long lasting impact on the public policies that need to be adjusted (Tavernise & Gebeloff, 2011; Chandy & Gertz, 2011; Barrientos, 2011; Wilson,

Read More
976 Words | 4 Pages

Melissa Mejia Mr. Grady English Period 4 31 May 2024. Poverty causes and effects. Poverty has been a recurring issue for a long time, and it is something that can affect a person's whole life. More than 736 million people worldwide live below the poverty line. This paper dives into the challenges of poverty, looking at the causes, how it impacts the entire world, and evaluating the existing solutions.

Read More
439 Words | 2 Pages

When in the state of being extremely poor, it can put a major damper on everyone's life. Whether it be because of divorce, underpayment or an illness. Poverty is a real thing caused by real problems that some may think are only minor issues people are facing. But, with the help of friends, family and most importantly the government, things can get better and problems can be

Read More
750 Words | 3 Pages

Many problems can be seen throughout society in any part of the world, but one problem is seen over and over again. This recurring problem is poverty. Though it is everywhere America has the smallest amount. Because this amount is so small it is easy to ignore people around the world in true poverty with no escape. Poverty can be seen in three main aspects, poverty of power, poverty of access and poverty of money.

Read More
941 Words | 4 Pages

Poverty can have lasting effects on society such as a lack of

Read More
1786 Words | 8 Pages

Poverty can be defined as the state of being extremely poor or lacking the means to meet basic necessities including food, clothes, and housing. It is regarded as a moral concern because it calls into question social fairness, resource allocation, and the responsibilities of individuals, communities, and governments to guarantee that everyone has access to basic requirements. The uneven distribution of money and resources is a significant moral problem associated with poverty. Few people have a disproportionate amount of money and resources, whereas many

Read More
974 Words | 4 Pages

Introduction: Poverty is a state or condition in which a person or community does not have the monetary assets and fundamentals to appreciate a base standard of life and prosperity that is viewed as adequate in the public arena. Poverty is the state for any person of being to a great degree poor. It is the extraordinary circumstance when a person feels absence of basic things required to proceed with the life, for example, shield, sufficient food, attire, prescriptions, and so on. For a person to live ordinarily, it is essential to meet a specific level of physical, social, and emotional needs. Individuals who live in poverty have troublesome time to accomplish those as they are not invited in numerous spots (Haymes et al., 2015).

Read More
985 Words | 4 Pages

Poverty is an political, economical and social situation in which people can’t get or have their needs like: food, home, education, health, job, and income to have a better life. The absence of all these resources make people’s lives miserly and unhappy. The world’s poverty has historical

Read More
815 Words | 4 Pages

Poverty is linked to poor health outcomes such as illnesses, mental illness, and malnutrition. These consequences can have an influence on a person's quality of life and general well-being. People living in poverty may lack access to quality education and the resources needed to succeed. This can create an intractable cycle of poverty. Employment Opportunities: Those living in poverty may have fewer work options due to a lack of education and marketable skills.

Read More

More about Norton Plc Essay

Open Document